Feb 5, 2010

The Numbers Just Don't Add Up

1 Trillion Dollar deficit inherited by Obama!  Oh, really.  Let's look at the facts:  2008 budget deficit was $482 B.  TARP was a Loan of $700 odd Billion dollars and shouldn't really be added to the deficit because most of it has been paid back.  I believe we are somewhere in the neighborhood of $100 B that won't be paid back, so you can fairly add that to the $482, but that is on $585 B in deficit, not 1 Trillion or even 1.3 Trillion that Obama throws around.

2009 had a 1.3T deficit and next year is projected the same - but Obama inherited the problem....RIGHT!